Monte Rio, CA, is a small beach town located in the Russian River Valley of Sonoma County. It is known for its laid-back environment, and is a popular destination for vacationers and outdoor enthusiasts. Despite its size, Monte Rio has a surprisingly high cost of living; rent for two bedroom apartments average $1,860 compared to the national average of $1,430. Grocery costs also tend to be higher than most other places in the US with an index of 109 versus 100 in the US. Major employers in Monte Rio include Bohemian Grove and Northwood Golf Course. There are also several local retail stores and restaurants that provide jobs to many residents in the area.
Monte Rio has an unemployment rate of 6.0%. The US average is 6.0%.
Monte Rio has seen the job market decrease by -9.7% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Monte Rio
- The Sales Tax Rate for Monte Rio is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Monte Rio is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Monte Rio
- The average income of a Monte Rio resident is $50,525 a year. The US average is $37,638 a year.
- The Median household income of a Monte Rio resident is $42,442 a year. The US average is $69,021 a year.